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SM bets P6B on Harrison Plaza revival
Manila Bulletin
|April 2, 2026
SM Prime Holdings Inc. (SM Prime), the integrated property developer controlled by the Sy family, is committing more than P6 billion to the redevelopment of the historic Harrison Plaza site in Manila, which is slated to open in 2027.
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In a statement on Wednesday, April 1, SM Prime said the investment is a cornerstone of its broader ®150-billion capital expenditure (capex) program for 2026 through 2030.
Under this five-year plan, the developer intends to overhaul 16 existing properties and construct between 12 and 15 new lifestyle malls to maintain its dominance in the local retail landscape.
The company said SM Harrison Plaza aims to revitalize what was once the Philippines’ premier shopping destination into a modern mixed-use hub.
यह कहानी Manila Bulletin के April 2, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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